Hi trippers
lets get the daily thread on track.
Well what a week we just had; for holders that was UGLY. Sudden, dramatic and not expected by this little bunny.
Great w/e charting analysis by all.
I am still away from good net so no charts from me but did a cruise of world markets and struck by how many are sitting right on (critical?) support lines that I have in place. Thought I would provide a quick summary. To state the ovbious an important week of trading coming up for the health of my charts! Any further weakness will test how important my lines are as it will look ugly.
XAO: broken Trend Line/channel from post GFC lows; at or near my very LT trend line (RED) and the 50% GFC water fall fib (4962)
XJO; Close of 4990.8 still above 12/4/2010 close 4984.7; much discussed (pre Xmas) potential E-W configuration and need for current wave 4 to “not overlap wave 1” …. A close below 4984 perhaps closes that discussion?
Right at Trend Line/channel from post GFC lows Near the 50% GFC water fall fib 4962.3
DAX: right at Trend Line/channel from post GFC lows
DOW: At the 61.8% fib of Aug-Nov 2015 rally
DJT: right at Trend Line/channel from post GFC lows
Nasdaq Comp; At the 61.8% fib of Aug-Nov 2015 rally
Nasdaq 100; At the 50% fib of Aug-Nov 2015 rally
cheers g
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Last
7,889.6 |
Change
72.800(0.93%) |
Mkt cap ! n/a |
Open | High | Low |
7,816.8 | 7,902.6 | 7,816.8 |
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